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Private Retirement Schemes : Will you have enough to retire?

Everyone deserves to look forward to a happy and financially secured retirement after many years of working. To be financially secured at retirement, you will need to save adequately in order to provide 2/3 of your last drawn salary to continue the same lifestyle you have become accustomed to.

Monthly Income Post Retirement(2/3 of last drawn pay)

RM 8,000

Total Amount Needed for Retirement

RM 1,442,487

PRS is a voluntary long-term investment and saving scheme,
designed to help you save adequately for retirement. PRS offers the safest, most flexible and regulated
retirement saving scheme to accumulate your retirement funds. PRS is made available to all
Malaysians who are employed and self-employed.

14.34%

9.80%

9.42%

* Disclaimer : This information is not to be construed as an invitation or solicitation for the subscription, purchase or sale of any PRS fund. Investments involve risks. The information contained herein has been obtained from sources believed in good faith to be reliable; however, no guarantee is given in its accuracy of completeness. The past performances of the PRS funds should not be taken as indicative of its future performance. Investors are advised to read and understand the content of the scheme's Disclosure Document before investing. If in doubt, please consult a professional adviser.

What are Core Funds

Core funds are funds with preset asset allocations that are made available for PRS contributors who do not specify any fund option/ preference. These can be classified into growth funds, moderate funds and conservative funds. The default core fund chosen is selected base on the age of each contributor. Non-core funds do not have a fixed asset allocation. The selection of non-core funds will have to be specifically made by PRS contributors, and will not be allocated to them by default.

Growth Fund

Age Group

Asset Allocation

Below 40 years old

Maximum 70% equities. Investment outside Malaysia is permitted.

Moderate Fund

Age Group

Asset Allocation

40 - 49 years old

Maximum 60% equities. Investment outside Malaysia is permitted.

Conservative Fund

Age Group

Asset Allocation

50 years and above

80% in fixed income instruments and 20% in equity. Investment outside Malaysia is not permitted.

Frequently Asked Questions

What is PRS?

PRS is a voluntary long-term investment scheme designed to help individuals accumulate savings for retirement. PRS seek to enhance choices available for all Malaysians, whether employed or self-employed, to voluntarily supplement their retirement savings under a well-structured and regulated environment. Find out more about PRS here.

Who is eligible to participate in PRS?

Any individual who has attained the age of 18 years as of the date of the account opening of a private pension account may make a contribution to any fund under the PRS. The PRS is offered to both Malaysians and non-Malaysians. Find out more about investor eligibility here.

How do I contribute to PRS?

You can make regular contributions or lump sum contributions to PRS. Please note that there may be differences in the minimum initial contribution amount and subsequent contribution amount and this may differ amongst the PRS Providers. Learn more about providers here

Where can I open a PRS account?

What are the government incentives provided for PRS contributions?

Annual RM3,000 personal tax relief for Year of Assessment 2012 to 2021

One-time Government incentive of RM500 for Malaysians age between 20 – 30 who have contributed a minimum of RM1,000 to a single PRS fund with any calendar year between 2014 – 2018

Inclusion of PRS as allowable deduction (up to 19%) in a Company’s tax computation

How do I monitor my PRS account?

Upon opening a PRS account with a Provider, you are automatically enrolled as a lifetime member of PPA. PPA members are given an online account, which features a single consolidated view, to enable members to view their investment details, check transactions and have access to performance reporting 24 hours a day. More info about PRS membership here.

What is PRS?

PRS is a voluntary long-term investment scheme designed to help individuals accumulate savings for retirement. PRS seek to enhance choices available for all Malaysians, whether employed or self-employed, to voluntarily supplement their retirement savings under a well-structured and regulated environment. Find out more about PRS here.

Who is eligible to participate in PRS?

Any individual who has attained the age of 18 years as of the date of the account opening of a private pension account may make a contribution to any fund under the PRS. The PRS is offered to both Malaysians and non-Malaysians. Find out more about investor eligibility here.

How do I contribute to PRS?

You can make regular contributions or lump sum contributions to PRS. Please note that there may be differences in the minimum initial contribution amount and subsequent contribution amount and this may differ amongst the PRS Providers. Learn more about providers here

Where can I open a PRS account?

What are the government incentives provided for PRS contributions?

Annual RM3,000 personal tax relief for Year of Assessment 2012 to 2021

One-time Government incentive of RM500 for Malaysians age between 20 – 30 who have contributed a minimum of RM1,000 to a single PRS fund with any calendar year between 2014 – 2018

Inclusion of PRS as allowable deduction (up to 19%) in a Company’s tax computation

How do I monitor my PRS account?

Upon opening a PRS account with a Provider, you are automatically enrolled as a lifetime member of PPA. PPA members are given an online account, which features a single consolidated view, to enable members to view their investment details, check transactions and have access to performance reporting 24 hours a day. More info about PRS membership here.